We are about to exchange contracts for a property in Pontllanfraith. We have hit a snag. The mortgage offer with Coventry Building Society runs out on 16/9/2019 but the sellers are suggesting a completion date of 18/9/2019. Is it possible to extend the loan offer?
The best person to address this question is your conveyancer who will determine if he or she is should be discussing with the bank, vendor’s solicitors, estate agents or indeed all three taking into account the circumstances your transaction as of today.
My apartment in Pontllanfraith is up for sale and I have a buyer. Does the conveyancer have to be on the RBS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I have been sourcing a conveyancing lawyer in Pontllanfraith for my house move. Can I see a firm’s complaints history with the profession’s regulator?
Anyone may find documented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator sometimes recorded call for training reasons.
Last January I purchased a leasehold property in Pontllanfraith. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Pontllanfraith - A selection of Queries Prior to buying
Is anyone aware of any major works anticipated that will likely add a premium to the service charges? Where a Pontllanfraith lease has less than eighty years it will impact the value of the apartment. Check with your lender that they are happy with residual term of the lease. A short lease means that you will most likely need a lease extension sooner rather than later and it is worth discovering what this would cost. For most Pontllanfraithlease extensions you would need to own the property for a couple of years before you are eligible to carry out a lease extension. This information is helpful as a) areas could cause problems for the building as the common areas may begin to deteriorate if services remain unpaid b) if the leaseholders have an issue with the running of the building you will want to know about it
What can I do to establish who owns a house in Pontllanfraith?
As long as the property is registered with HM Land Registry, and you have requisite details of the location of the premises, you should be able to view details from the the Land Registry of the registered proprietor for a fee.